Shark Tank: Glow Recipe, pure Korean magnificence merchandise, Makes care for Robert Herjavec for $425,000

with the aid of Erica Abbott December four, 2015

December 4, 2015

sweetjellybean.com

sweetjellybean.com

next up is New-York native firm Glow Recipe in the hunt for $ 425,000 for 10 % fairness.

Their pure Korean magnificence line comprises products like mists, serums and sheet masks. They curate and distribute the merchandise. they’re projected to make $ 1 million via the end of the 12 months.

As they describe, they don’t just curate, but in addition train via their thorough online product descriptions and utilization guidelines, as well as their YouTube videos, which have accrued over 200,000 views.

Neither Kevin O’Leary nor Barabara Corcoran like their valuation, on the other hand. They make offers for 50 % and 40 percent, respectively.

Robert Herjavec sees the prospective within the two of them and bargains $ 425,000 for 30 p.c. Lori Greiner, cosmetics queen, doesn’t see it as investable so goes out.

They then are searching for out Mark Cuban for his digital expertise, to which he says he just doesn’t understand sufficient. He goes out.

They counter Herjavec for 18 %, to which he counters 25 %. Then they counter again at him for 22.5 percent. they want Herjavec and Cuban together, however Herjavec needs to do it solo for 25 %.

in a roundabout way, they accept his offer.

final deal: Robert Herjavec for $ 425,000 for 25 p.c.

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